The increased dividend is scheduled for distribution on October 31 to those holding the stock as of the record date on October 6. This move brings the bank’s annual payout to $6.60 per share. Based on Tuesday’s closing price of $352.49, the dividend yield now stands at approximately 1.9 percent. The bank confirmed the changes in a Tuesday statement, marking a notable shift in its commitment to shareholder returns.
JPMorgan Chase Lifts Quarterly Dividend by 10 Percent
Shareholders of JPMorgan Chase are set for a payout increase, as the banking giant announced a hike in its quarterly dividend from $1.50 to $1.65 per share. The adjustment signals a return of capital to investors, following the bank’s latest assessment of its financial position and capital requirements.
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